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Buying

Purvis Real Estate-NEW LISTING

23 Evelina Dr. Purvis , MS  39475  $164,900

3 BD, 2.5 BA in Englewood Subdivision. Architectural features, no carpet, and neutral colors all on 1.5 acres (MOL).

 

Call Crye-Leike for additional information.

Buying

What Renters Are Willing to Sacrifice for a Home

DAILY REAL ESTATE NEWS | FRIDAY, JUNE 22, 2012

Eighty percent of non-home owners are willing to give up certain luxuries in their life so that they can purchase their dream home, according to Century 21’s Spring Home Buyer/Seller Survey.

So what are they willing to sacrifice in order to save for purchasing their dream home? The survey finds:

  • 50 percent would cut back on dining out.
  • 49 percent would trim their shopping for non-essential items, such as clothing, gadgets, and accessories.
  • 47 percent would give up luxuries, such as expensive cable packages and trips to the salon.
  • 39 percent would cut back on vacations.
  • 10 percent would contribute less to their 401(k).

Why are these non-home owners so willing to make such sacrifices now? The survey finds that record-low mortgage rates and appealing home prices are making them want to act faster toward home ownership.

“For those who are currently renting, purchasing a home is especially attractive right now,” says Rick Davidson, president and CEO of Century 21 Real Estate LLC. “In fact, home affordability reached a new all-time high for the first quarter of 2012.”

So while renters are ready to sacrifice to get on the road to home ownership, many express concern that despite their sacrifices they’ll still struggle to get there. Forty-five percent of renters say they will likely be forced to wait to own a home because they cannot qualify for a mortgage or don’t have sufficient funds for a down payment, according to the Century 21 survey.

http://realtormag.realtor.org/daily-news/2012/06/22/what-renters-are-willing-sacrifice-for-home?om_rid=AACSxz&om_mid=_BP5KoyB8jrLvyn&om_ntype=RMODaily

Buying

Inventory of For-Sale Homes Falls 20% From Year Ago

DAILY REAL ESTATE NEWS | WEDNESDAY, JUNE 13, 2012

The number of homes on the market continues to become a shrinking pool. Inventory of for-sale single-family homes, condos, townhomes, and co-ops dropped 20 percent in May compared to year-ago levels, according to data from REALTOR.com of 146 markets.

Inventories in May declined in all but two — Philadelphia and Shreveport-Bossier City, La. — of the 146 markets tracked by Realtor.com.

While inventories were on the decline, the median national list price was on the rise, inching up 3.17 percent in May compared to May 2011.

“These key indicators continue to suggest that the housing market is steadily moving along a path of stabilization and gradual recovery,” Realtor.com notes.

12 Markets Where Inventories Have Dropped the Most

California metro areas are seeing some of the largest drops in inventories of for-sale homes.

From May 2011 to May of this year, the following metro areas have posted the highest drops in the country with their housing inventories, with inventories falling 35 percent or more in the last year. Those metros are:

  1. Oakland, Calif.: -56.60%
  2. Fresno, Calif.: -48.76%
  3. Bakersfield, Calif.: -48.59%
  4. Phoenix-Mesa, Ariz.: -44.71%
  5. Seattle-Bellevue-Everett, Wash.: -42.65%
  6. San Jose, Calif.: -40.80%
  7. Tampa-St. Petersburg-Clearwater, Fla.: –39.76%
  8. Stockton-Lodi, Calif.: -39.25%
  9. Atlanta: -39.19%
  10. San Francisco: -38.90%
  11. Riverside-San Bernardino, Calif.: -37.43%
  12. Sacramento: -35.92%

By Melissa Dittmann Tracey, REALTOR® Magazine Daily News

 

http://realtormag.realtor.org/daily-news/2012/06/13/inventory-for-sale-homes-falls-20-year-ago?om_rid=AACSxz&om_mid=_BP2NUiB8jfr3q4&om_ntype=RMODaily

Buying

Hattiesburg Real Estate-NEW LISTING

55 SHARMONT Dr. Hattiesburg , MS  39402 $174,900

Remodeled and move-in ready 3/2. Additional room (possible office space), large closets in all bedrooms, fresh paint and a large fenced back yard.

 

Call Crye-Leike for additional information on this and many other listings.

Buying

Hattiesburg Real Estate-REDUCTION

195 W CANEBRAKE Blvd. Hattiesburg , MS  39402   $ 1,250,000

 Exquisite 4BR, 4BA waterfront home on one of Canebrake’s choicest lots.Superb details and flooring.  Boathouse w/boat ramp.

 

Call Crye-Leike today for more information.